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piggybacked tax that you pay to the state. it goes to the jurisdiction where you sleep at night not where you earn it so baltimore city the economic generator of the state where billions of dollars are earned in the city but don't sleep in the city the mayor recently outlined plans to tackle the fiscal challenges the report highlighted the deficit is largely driven by growing health care and pension costs we must rebalance the way we compensate our hardworking employees but this report is just a projection of the future it doesn't reflect the current state of the city's budget according to a lead author on the report the city is in the black city is not in a current crisis at the moment the city's budget is balanced for the current year over time the city has built reasonably healthy reserves there are some who question whether this newly released projection is the reason for the proposed budget cuts or if this report was commissioned in order to justify cuts that were already in the works detective robert cherry head of the b
piggybacked tax that you pay to the state. it goes to the jurisdiction where you sleep at night not where you earn it so baltimore city the economic generator of the state where billions of dollars are earned in the city but don't sleep in the city the mayor recently outlined plans to tackle the fiscal challenges the report highlighted the deficit is largely driven by growing health care and pension costs we must rebalance the way we compensate our hardworking employees but this report is just...
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effort he told the baltimore sun which going on here is all a smokescreen they don't know what the tax base is going to look like their consultants asked to come and deliver bad news so that the city can do political posturing furthermore cristela port a former baltimore city recreation and parks director sees the forecast as window dressing to direct attention away from a serious lack of financial oversight so firms that get this work no tax and basis said no a lot of. you know i had nothing to go on so it's different there if you know you're saying to have a firm take four hundred fifty thousand dollars makes a projection over ten years about the fiscal reforms it is and never mentioned in the report the missing is the beginning to audit the agency and that's why in effect i describe it's over for this report was designed to address the financial issues that plague the city but the question now is whether this forecast will lead to positive changes or if it's just politics as usual in baltimore just seen underhill r.t. . well the boy scout motto is to always be prepared but nothing c
effort he told the baltimore sun which going on here is all a smokescreen they don't know what the tax base is going to look like their consultants asked to come and deliver bad news so that the city can do political posturing furthermore cristela port a former baltimore city recreation and parks director sees the forecast as window dressing to direct attention away from a serious lack of financial oversight so firms that get this work no tax and basis said no a lot of. you know i had nothing...
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these adoptions and i hope that they maintain this ban and don't yield to pressure weeks after my death tax and officials have little to say while they wait for autopsy results the results of the investigation with russia heavily involved and asking for punishment of those responsible could take weeks to be announced no arrests have yet been made while the investigation of flow paced on the alleged information on the little boy's life and death extremely scarce one of the questions that demand an answer is why should it take a rigid push from abroad for the us to pay attention to yet another tragic destiny of a hopeless child to whom it promised a better life on its soil with r.t. after county texas. well here's some food for thought we have heard the many reasons why obesity is bad for your help but it turns out it could also be bad for the economy american obesity rates are at unprecedented levels and getting worse experts estimate that forty two percent of americans will be considered obese by twenty thirty and the long term costs of this issue could affect the financial future of the u.
these adoptions and i hope that they maintain this ban and don't yield to pressure weeks after my death tax and officials have little to say while they wait for autopsy results the results of the investigation with russia heavily involved and asking for punishment of those responsible could take weeks to be announced no arrests have yet been made while the investigation of flow paced on the alleged information on the little boy's life and death extremely scarce one of the questions that demand...
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dollars or what's taxed that's the simplest way to. no income tax if you're paid in a it's. worth you're paid in. the bread. now that's it just an exchange a commodity for the use of my time and my skills. survival under rough child and he is sitting there overlooking all of his sheep in front of fema camps and the i.r.s. and fellow reserve the builder burks and see if. we are the nanny state now where we are being watched almost everywhere we go by security cameras and satellites and drones flying over us we've got our military now to to extend democracy out there to the rest of the world and as long as we're sleeping we're just watching t.v. everything's going to be just fine there was a while they lose one of us and they don't really like to lose us but it's all collateral damage. now and. the people here believe very strongly in peace we're pacifists we are anti war. we believe at the same time though that very strong defense and being able to protect your life your liberty and your property is also very important so as we walk through you may see guns scattered across t
dollars or what's taxed that's the simplest way to. no income tax if you're paid in a it's. worth you're paid in. the bread. now that's it just an exchange a commodity for the use of my time and my skills. survival under rough child and he is sitting there overlooking all of his sheep in front of fema camps and the i.r.s. and fellow reserve the builder burks and see if. we are the nanny state now where we are being watched almost everywhere we go by security cameras and satellites and drones...
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i have a claim to get a refund on my taxes therefore i'm a creditor. it's a very small amount and i don't ever expect to see it but the number of creditors is everybody who the city does business with thirty seconds left where does a try go from here. well the question is what is the restructuring plan going to look like and can detroit ever get back to the credit markets that's the problem for the pensioners is if the we organization plan favors the creditors so that detroit in five years can reach up the pension credit market pensioners are going to take a big hit peter henning professor of law of wayne state university thank you so much for weighing in thank you for having me while you're after here a pro-business group known as the american legislative exchange council or alec has gathered for one week to discuss domestic business policy now this week the group has come to d.c. to meet but it wasn't alone protesters gathered right outside ok but like. all right we've got to go we're going to let them know it is not ok for them to have a private mee
i have a claim to get a refund on my taxes therefore i'm a creditor. it's a very small amount and i don't ever expect to see it but the number of creditors is everybody who the city does business with thirty seconds left where does a try go from here. well the question is what is the restructuring plan going to look like and can detroit ever get back to the credit markets that's the problem for the pensioners is if the we organization plan favors the creditors so that detroit in five years can...
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all of my work pretty much paid federal taxes they paid federal taxes which goes to the federal payroll into the federal budget and then the and then obama obamacare says oh and by the way we'll take one hundred percent of the cost of medicaid for the first three years ninety percent forever and we will give you the tax payers of south carolina will give you your own money back why is nikki haley prevent teen to the taxpayers from south carolina from getting their own money back from the federal government doing it. well so basically what the obama administration is telling these governors is if you like your level of medicaid spending you can keep your level of medicaid spending i don't blame any of these republican governors for being afraid of taking on a massive expansion in medicaid which is already on sustaining expand which is already has been a loaded wasteful fraud fraught why damage you're not answering my question walt you're not to ask me my question john k. six. i'm going to allow the taxpayers of all to get back the money that they paid in taxes to the federal government a
all of my work pretty much paid federal taxes they paid federal taxes which goes to the federal payroll into the federal budget and then the and then obama obamacare says oh and by the way we'll take one hundred percent of the cost of medicaid for the first three years ninety percent forever and we will give you the tax payers of south carolina will give you your own money back why is nikki haley prevent teen to the taxpayers from south carolina from getting their own money back from the...
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ratio in the world and spends a fourth of all tax revenues on debt obligations that was peter schiff from euro pacific capital from lincoln to bush to obama funding wars has always been a challenge next we'll look into the fine print of creative wartime spending then our t.v. producer bob inglis and i will debate in s.c.c. will the bank of wal-mart and virgin in space all of this up next. hour of. sleep. relieve. the worst fear for the little things. like how to get a. radio guy for a minute. i want to clear a budget if you've never seen anything like this until. pretty dumb stuff in the field that you won't find it here if you're looking for relevant stories unique perspective from tom my skin's dark. wartime financing is always a challenge but governments are never short of creative solutions will explore how the iraq and afghanistan wars have been financed off budget but first history offers an instructive insight so let's take a look at what president lincoln and his treasury secretary salmon pj's did during the civil war just a few months after iraq did the northern treasury fac
ratio in the world and spends a fourth of all tax revenues on debt obligations that was peter schiff from euro pacific capital from lincoln to bush to obama funding wars has always been a challenge next we'll look into the fine print of creative wartime spending then our t.v. producer bob inglis and i will debate in s.c.c. will the bank of wal-mart and virgin in space all of this up next. hour of. sleep. relieve. the worst fear for the little things. like how to get a. radio guy for a minute. i...
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americans turning the libertarian ideals to tackle everything from government spending and comprehensive tax reforms all the way to protection of civil liberties so here to talk about third parties libertarianism and whether this philosophy can really break the mold on some of today's most important issues i'm joined now by governor gary johnson former presidential candidate the libertarian party they are coming out a very very dispirited oh yes so are we aren't the majority of americans classically liberal the notion that we're all fiscally responsible and socially tolerant and i don't want to use you're intolerant of you're going to remain the socially inexcusable to i hate to use the word tolerant because that somehow implies that i don't agree with your lifestyle i really don't care what you do with your life as long as it doesn't adversely affect mine and if you're going to do harm to me then that's where government has you know it seemed this is this is the problem that it seems like a lot of people agree with that basic premise they do but they still to further to voting for either de
americans turning the libertarian ideals to tackle everything from government spending and comprehensive tax reforms all the way to protection of civil liberties so here to talk about third parties libertarianism and whether this philosophy can really break the mold on some of today's most important issues i'm joined now by governor gary johnson former presidential candidate the libertarian party they are coming out a very very dispirited oh yes so are we aren't the majority of americans...
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programs are subsidized by public funds there are also other programs to support students such as tuitions tax credits but basically we put more public money in now what we're seeing right now in the u.s. is i had alluded to is this a doubling in interest rates when it comes to stafford loans now as you have mentioned one of the problems possibly of the u.s. one of the possible cons out we're seeing right now is that many universities in the u.s. are run as a business like kind of model so do you think that that is the sole reason why we are seeing so much competition so much talk over these interest rates gobbling right now as a barrier to access to education it's probably not the sole reason i don't know enough about the american situation to say but what i would say about two ition and accessibility is. internationally is that the issue is not so much borling or the cost of borrowing but how boring fits into the whole pattern of financing post-secondary education for students and if excess ability for some students borrowing a large amount of money for post-secondary education is going to t
programs are subsidized by public funds there are also other programs to support students such as tuitions tax credits but basically we put more public money in now what we're seeing right now in the u.s. is i had alluded to is this a doubling in interest rates when it comes to stafford loans now as you have mentioned one of the problems possibly of the u.s. one of the possible cons out we're seeing right now is that many universities in the u.s. are run as a business like kind of model so do...
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five is not law and taxes well the bill would have restricted texans access to abortions after twenty weeks and close thirty seven of the forty two texas clinics that offer that procedure well proponents of the bill say that among other things it would make abortion safe for critics call it a limitation on the right to choose abortion. well even if they scour your finances it seems that someone of the i.r.s. was not watching their spending inside the agency and the report from the treasury inspector general says that the iris employees use the agency's credit cards for one and core of the report found the between two thousand and ten and two thousand and eleven said employees made more than two hundred seventy three thousand purchases on these credit cards less than one percent of those words illegitimate well among the prop improper spending more than three thousand dollars for a pop. machine and prizes for an employee event diet pills romance novels and expensive bottles of wine and two cases the iris credit cards were used to buy online pornography however the employer said that th
five is not law and taxes well the bill would have restricted texans access to abortions after twenty weeks and close thirty seven of the forty two texas clinics that offer that procedure well proponents of the bill say that among other things it would make abortion safe for critics call it a limitation on the right to choose abortion. well even if they scour your finances it seems that someone of the i.r.s. was not watching their spending inside the agency and the report from the treasury...
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depend on leaks in order for the public to be educated on what the government you know is doing with our tax money and in our names but the government has been forthcoming i think what we really need is like a church commission that we had years ago to look at the intelligence community we need to know what all these programs are and what all is the government doing and then the public can make an informed decision but right now it's just you know a leak here and a leak there and we find out more and more and it's it's disturbing here a leak there a leak everywhere a leak leak it sounds like all right have we seen the worst of this yet do you think we don't know i mean i think we all had suspicions about these programs but i think the extent that we've learned over the last twenty four hours i think has shocked a lot of people it should be alarming to people that you know the government is saying trust me you know the president today in his remarks said that you know the american people don't trust the executive branch the congress and the courts and we've got a problem we've got a problem b
depend on leaks in order for the public to be educated on what the government you know is doing with our tax money and in our names but the government has been forthcoming i think what we really need is like a church commission that we had years ago to look at the intelligence community we need to know what all these programs are and what all is the government doing and then the public can make an informed decision but right now it's just you know a leak here and a leak there and we find out...
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as you mentioned doesn't pay tax it's a tax exempt status but the n.f.l. teams the n.f.l. ventures they all pay they all pay taxes and let's talk briefly about this and n.f.l. tax exempt status because as we know it's not all in c three non profits. registered but it's a five a one c. six what is that and what's the difference usually when you hear the word nonprofit you assume that it means charities that you're giving your money away to something that you get everything out of it so final one c three deals with charities that would be your make a wish foundation that would be your red cross things like that final one c six is something that covers a trade organization it covers chambers of commerce it covers things like that and the whole purpose of the five a one c. six is for those groups trade associations and chambers of congress and real estate entities is to promote the industry as a whole so when we're talking about the n.f.l. promoting the industry as a whole we're talking about not the thirty two teams which pay dues into the n.f.l. we're talking about what paul
as you mentioned doesn't pay tax it's a tax exempt status but the n.f.l. teams the n.f.l. ventures they all pay they all pay taxes and let's talk briefly about this and n.f.l. tax exempt status because as we know it's not all in c three non profits. registered but it's a five a one c. six what is that and what's the difference usually when you hear the word nonprofit you assume that it means charities that you're giving your money away to something that you get everything out of it so final one...
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groups like occupy broad a things like the robin hood tax exciter things like that which i think the democrats even though i think you know they have their issues definitely. utilize their messaging you know to appeal to to the masses because i think that we brought up some really interesting important issues to. the country and mike we have just about a minute left but i have to ask you from your experience is there any regrets anything that you would change or make different when you had accepted money or had a leader or maybe done it at a different time because obviously timing played a huge part in this considering the fact that it happened right before winter when it got really cold so what do you think. i think that the movement itself has many legs and is operating in many different facets that maybe doesn't get front page news simply because there's not an active confrontation in the police aren't clamping down on peaceful protesters but the movement continues in the ways that the panels here have discussed today and i'm happy a lot of spoke about the robin hood tax because t
groups like occupy broad a things like the robin hood tax exciter things like that which i think the democrats even though i think you know they have their issues definitely. utilize their messaging you know to appeal to to the masses because i think that we brought up some really interesting important issues to. the country and mike we have just about a minute left but i have to ask you from your experience is there any regrets anything that you would change or make different when you had...
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competitive edge if they're a country with low taxes and with high taxes capital flow well to country with a low tax and the same is true for people with talent there's always going to be people who think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business but he can't owns a haulage company in munich currently he employs around ninety people transporting everything from the small to the big and bulky all over mainland europe he says that lowering the current rate of tax would not just make big changes to his business but also to the lives of his staff that's where not only can it was our current it would be super first i could pay higher salaries this is a very important issue right now due to the rise in the cost of living also i can invest more into the company and grow the business even employ more people everyone benefits something that is impossible under the current tax system. and those in power argue that the problem in european countries right now is that taxpayers want to have the best of both
competitive edge if they're a country with low taxes and with high taxes capital flow well to country with a low tax and the same is true for people with talent there's always going to be people who think the taxes are too high but a growing number actually starting to think that it's becoming detrimental to the development of business but he can't owns a haulage company in munich currently he employs around ninety people transporting everything from the small to the big and bulky all over...
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caps down no such juicy tax incentives the e.u. is also piling pressure on members luxembourg and austria as well as license sign san marino and dora and monaco which rushing not members of the union now luxembourg recently changed just last month that actually agreeing to lift bank secrecy rules for european union citizens who have savings that so what all these tax haven countries actually expected to do that well quite simply expose the e.u. want to be able to check out bank tea towels of any individual whenever they want without requesting permission first and considering in cyprus the banks are worth seven times as much as the country's g.d.p. lots about for example they're worth twenty two times more the situation could be catastrophic than if you put it in that way so in a wall where banking secrets are no longer kept these havens may have to find another way to seduce the bridge. right there now that you use one for tax evaders has already resulted in several scandals involving top politicians and businessmen and as i. repo
caps down no such juicy tax incentives the e.u. is also piling pressure on members luxembourg and austria as well as license sign san marino and dora and monaco which rushing not members of the union now luxembourg recently changed just last month that actually agreeing to lift bank secrecy rules for european union citizens who have savings that so what all these tax haven countries actually expected to do that well quite simply expose the e.u. want to be able to check out bank tea towels of...
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this week indeed it was some of the place where they said that was the nicest and they got it on taxes that they were they were clearly out of the cities tidings that was hard to say because they said well experts have been saying the most recent protests bring back the violence seems that erupted in turkey this summer over plans to destroy a park the government was widely criticized back down for excessive use of force a situation that's likely to repeat itself this time around has jeremy salt an associate professor bill can university in ankara. the fact is the prime minister has a very very strong supporters and they will believe anything he says has become more authoritarian of the last four years so you know one can trace many kind of milestones that progress will be the last elections she won very very comfortably we saw for example the beauty of the arab spring the way that he had of the syrian crisis was extremely aggressive confrontational very abusive and this has been the characters he's moving on dealing with a protest inside his own country he's just gone from the middle c
this week indeed it was some of the place where they said that was the nicest and they got it on taxes that they were they were clearly out of the cities tidings that was hard to say because they said well experts have been saying the most recent protests bring back the violence seems that erupted in turkey this summer over plans to destroy a park the government was widely criticized back down for excessive use of force a situation that's likely to repeat itself this time around has jeremy salt...
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to talk more about these tax a turf war as i'm joined now by the one and only lows of wall hi there i guess so bring us the latest on this lawsuit what's going on and how likely is it to succeed yeah it is getting a nasty typically taxi drivers there they operate independently so it's been very difficult for them or for their voices to be heard because they're kind of all over the place now they're trying to change that by unionizing hundreds of them. united and joined teamed up with team star to form the d.c. taxi operators association and on their behalf of a lawsuit has been filed in the d.c. superior court that's now in the federal court and what it does is ask for d.c. to a to stop to extend the deadline so that they can have more time in order to comply with these regulations and even if they wanted they're having a hard time doing so and for the city to stop giving them fine slapping them with fines and telling their cars so there is a restraining order right now we're trying to see where that goes that's up in the air but definitely things are heating up absolutely no you had
to talk more about these tax a turf war as i'm joined now by the one and only lows of wall hi there i guess so bring us the latest on this lawsuit what's going on and how likely is it to succeed yeah it is getting a nasty typically taxi drivers there they operate independently so it's been very difficult for them or for their voices to be heard because they're kind of all over the place now they're trying to change that by unionizing hundreds of them. united and joined teamed up with team star...
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was where you could leave because some of the place where they did it was the nicest they got it on taxes because they couldn't get a clue really of the sleaze tidings that those who harbor said to go see this. well x. birds have been saying the most recent protests bring back the violent scenes that erupted in turkey this summer over plans to destroy the park the government was widely criticized back then for excessive use of force a situation that's likely to repeat itself this time around says jeremy salt and associate professor at bill can't university in ankara the fact is the prime minister has a very very strong hard core supporters and they will believe anything he says has become more authoritarian of the last four years as you know and one can trace many kind of milestones in that progress from the the last election speech in one very very comfortably we saw for example the beauty of the arab spring the way that he had of the sunni syrian process was extremely aggressive and confrontational very busey's and that these are the characters of his he's moving and dealing with a prot
was where you could leave because some of the place where they did it was the nicest they got it on taxes because they couldn't get a clue really of the sleaze tidings that those who harbor said to go see this. well x. birds have been saying the most recent protests bring back the violent scenes that erupted in turkey this summer over plans to destroy the park the government was widely criticized back then for excessive use of force a situation that's likely to repeat itself this time around...
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to increase benefits for workers one of these incentives that's driving high compensation rates is a tax loophole that allows companies to deduct unlimited amounts for performance based pay and that often comes in the form of stock options so companies actually pay lower taxes if they compensate their c.e.o.'s at a higher level and meanwhile we're having a discussion about cutting the social safety net and that we can't afford that so those two things don't really square very well with each other and just to play devil's advocate zoe we often hear the argument on wall street that executive pay needs to be high in order to attract top talent you would assume that that would be true but do you think that that that this report that just came out complicates that there are to it certainly does this so-called top talent is not performing very well so what are we paying for it's pretty shocking to see how many of the names that are on this list of the top twenty five highest paid executives were also. partly they were involved in partly responsible for the financial crisis and finally what do
to increase benefits for workers one of these incentives that's driving high compensation rates is a tax loophole that allows companies to deduct unlimited amounts for performance based pay and that often comes in the form of stock options so companies actually pay lower taxes if they compensate their c.e.o.'s at a higher level and meanwhile we're having a discussion about cutting the social safety net and that we can't afford that so those two things don't really square very well with each...
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the fines the death tax as a tax on your right to transfer property had formerly called the estate tax its purpose is to discourage a family dynasty is at the time of death anything a person owns over a certain amount is taxed at a forty percent rate is only affects a small percentage of americans however some small family businesses are saying this tax is falling on the wrong people who are family owned and i am the second generation so i watched. the new for the estate tax waters for a few years here trying to figure out how to test a company out to the next generation with. some of it kermode donya the c.f.o. of il co a family business her father grew from seven employees to almost one hundred today she says the tax will hurt the future of her family business it would impact just pretty severely you know a company like ours we have a all over most of our coffins go right back into the company we have to carry it hugely expensive and storage an unintended consequence of the estate tax is that family businesses that are often inventory rich but cash poor are forced to sell parts or th
the fines the death tax as a tax on your right to transfer property had formerly called the estate tax its purpose is to discourage a family dynasty is at the time of death anything a person owns over a certain amount is taxed at a forty percent rate is only affects a small percentage of americans however some small family businesses are saying this tax is falling on the wrong people who are family owned and i am the second generation so i watched. the new for the estate tax waters for a few...
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fraud scheme that of course he himself said if there was a need to avoid taxes then there were many other ways it could have been done the former head of security company received a life sentence for. the fourth wife is sure that the real mastermind has never been held to. that only time will solve the mystery surrounding my husband's murder but i'd just like hard to confess and clear his conscience. even though. this. gets another stories from around the. world and we started with southern india where a fire on a strain has killed at least twenty three passengers including two children over sixty people were on board when the blaze engulfed a carriage early on saturday it's believed most of the victims suffocated in the thick smoke the cause of the fire is still unknown rescue teams are on site searching for survivors. in thailand a gunman opened fire in a crowd of protesters killing one and wounding two others this follows weeks of anti-government rallies with mass calls for the prime minister. over corruption allegations lashes between police and protesters have been growing warm
fraud scheme that of course he himself said if there was a need to avoid taxes then there were many other ways it could have been done the former head of security company received a life sentence for. the fourth wife is sure that the real mastermind has never been held to. that only time will solve the mystery surrounding my husband's murder but i'd just like hard to confess and clear his conscience. even though. this. gets another stories from around the. world and we started with southern...
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s average household energy bill is made up of so-called green taxes and the prime minister david cameron has pledged to do away with them in order to help out struggling brits now the idea is proved popular for a country battling with all staring at each according to recent poll by savation some sixty percent of brits object to having to shell out for the green levies because. the first well you know about what it is cost to wait and see if it's crazy cheaper things to go to not prefer the profits an option really which is to tax that noise be well spun legacy of life see bills come down to hear us about shadow of a doubt opposition leader ed miliband says that green levy's aunt to blame for britain's high energy prices the government figures show that green taxes add one hundred twelve pounds to the average household energy bill in the u.k. now roughly half that money goes toward supporting cleaner greener energy such as solar panels like the ones like a tit on the roof of london's blackfriars train station but as the latest survey shows for the brits counting the pennies to keep warm t
s average household energy bill is made up of so-called green taxes and the prime minister david cameron has pledged to do away with them in order to help out struggling brits now the idea is proved popular for a country battling with all staring at each according to recent poll by savation some sixty percent of brits object to having to shell out for the green levies because. the first well you know about what it is cost to wait and see if it's crazy cheaper things to go to not prefer the...
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s highest earners have been able to make even more money this year the rate of tax for people earning over one hundred fifty thousand pounds per year has gone down from fifty pence to forty five so for every hundred pounds they earn over that fifty pounds used to go straight into the treasury but that figure has now been reduced and now they're only paying forty five pounds to the tax man from every hundred now all these save five as a rounding up in the u.k. is all position labor party has done the math they say that collectively the u.k.'s highest earners have saved almost one hundred million pounds thanks to the tax cuts you have seen the longest fall in living standards on record you've got half a million people using fruit parents now you've got i think homelessness is up by around since two thousand and these are serious problems why is the government choosing to cut taxes and found like this when the government's made such play of the need for stars this is bizarre and there's very little evidence that it's benefited the u.k. economy so most people. have their tax cut they're n
s highest earners have been able to make even more money this year the rate of tax for people earning over one hundred fifty thousand pounds per year has gone down from fifty pence to forty five so for every hundred pounds they earn over that fifty pounds used to go straight into the treasury but that figure has now been reduced and now they're only paying forty five pounds to the tax man from every hundred now all these save five as a rounding up in the u.k. is all position labor party has...
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funding but it will to fund obamacare and will also include a grab bag of republican good evening quoting tax reform support for the keystone x.l. pipeline and other budget reform provisions but there are cracks are calling their bluff you have some republicans in the house of representatives who are promising to shut down the government at the end of this month if they can't shut down the affordable care act the affordable care act has been the law for three years now it passed both houses of congress the supreme court ruled it constitutional it was an issue in last year's election and the candidate who called for repeal lost however this idea of leveraging a one year delay of obamacare over the debt ceiling if gaming traction and might already have the two hundred seventeen both needed to pass the house representative tom graves told politico the proposal that we put forward to have a unified our conference like we haven't seen and many many months. a vote on this bill is expected this week and policy groups off the hell are helping get public support for the republican plan the conservativ
funding but it will to fund obamacare and will also include a grab bag of republican good evening quoting tax reform support for the keystone x.l. pipeline and other budget reform provisions but there are cracks are calling their bluff you have some republicans in the house of representatives who are promising to shut down the government at the end of this month if they can't shut down the affordable care act the affordable care act has been the law for three years now it passed both houses of...
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by ucas was registered there so when it came to tax revenues it was answering to the mayor of newark to your guns can help with the whole of they depended on him and that was the only reason why he even mattered here why did they insist her late husband as a mayor of the town were you because was registered was approached by top managers of the company with onlookers have offered. at first their offer to reach an agreement they called it optimization of taxes back then production reached about seventy million tons of oil a year they said there was too much and seven eight million tonnes would be more than enough but was it the hoff refused to strike a deal moreover he went on hunger strike demanding an investigation into ucas alleging their corruption scheme involved many regional officials several days later he was found murdered and investigation found his killing was ordered by the co-author of ucas but many don't agree with that finding they believe that the two halves murder wasn't connected to you chris and they allege a tax fraud scheme that of course he himself said if there
by ucas was registered there so when it came to tax revenues it was answering to the mayor of newark to your guns can help with the whole of they depended on him and that was the only reason why he even mattered here why did they insist her late husband as a mayor of the town were you because was registered was approached by top managers of the company with onlookers have offered. at first their offer to reach an agreement they called it optimization of taxes back then production reached about...
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caps down as such juicy tax incentives the e.u. is also piling pressure on members luxembourg and austria as well as san marino and dora and monaco which are actually not members of the union now luxembourg recently changed its chain just last month that actually agreeing to lift the secrecy rules for european union citizens who have savings that. so what all these times haven countries actually expected to do that well quite simply exposed the e.u. won't be able to check out by tea towels of any individual whenever they want without requesting permission fust and considering in cyprus the banks were worth seven times as much as the country's g.d.p. other luxemburg for example that was twenty two times more the situation could be catastrophic than if you put it in that way so in a walled bank his secrets on no longer kept these havens may have to find another why to seduce the rates. where the latest figures suggest the eurozone is sliding deeper into recession but while the hunt for tax evaders has done little to save the economy
caps down as such juicy tax incentives the e.u. is also piling pressure on members luxembourg and austria as well as san marino and dora and monaco which are actually not members of the union now luxembourg recently changed its chain just last month that actually agreeing to lift the secrecy rules for european union citizens who have savings that. so what all these times haven countries actually expected to do that well quite simply exposed the e.u. won't be able to check out by tea towels of...
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more of these for profit schools school choice they call it really it's taxpayer funded vouchers your tax dollars leaving the public system going to private schools with sometimes very little or minimal standards and very little on outcomes so really taking away from public education and putting into private entities another piece of alex upcoming years agenda seems to be stripping environmental regulations you know our protections from polluters yeah you know when i went out ever forget they had a book they gave us fifty reasons why increased levels of c o two are good for you they gave us a very good seriously seriously by a scientist and this is just a given part of the agenda it's taking away a regulation that protects the public for environment. standards and continues to make it easier to pollute and harder to have consumer protections for people especially who've been harmed by environmental problems it's extraordinarily they want to reduce patient rights and patient protections how to how to do this again goes back to more anti-consumer provisions where you're losing your ability
more of these for profit schools school choice they call it really it's taxpayer funded vouchers your tax dollars leaving the public system going to private schools with sometimes very little or minimal standards and very little on outcomes so really taking away from public education and putting into private entities another piece of alex upcoming years agenda seems to be stripping environmental regulations you know our protections from polluters yeah you know when i went out ever forget they...
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eight there are other topics as well and tax evasion in fact this is what british prime minister david cameron is keen to push forward with more on this we're joined by ortiz pilbeam business presenter extraordinary so could you tell us what is this all about yeah there's a bit of an exposé going on the consortium of investigative journalists have come out with these hundreds of thousands of names of all these are tax avoiders from thirty different countries that do use these tax havens and this is the organization that was responsible for revealing politicians rogue nations or even religious leaders all agog as well so everyone's taking note of this and it's very timely as you say because of course david cameron he's at the g eight and he's really drumming up support for these tax international rules because he thinks with everyone on board tax could be something of the past in terms of offshore havens that's what he's aiming for sure well you know this falls during tough economic times and that is in this craigs actually we know that britain is in the midst of an economic crisis rig
eight there are other topics as well and tax evasion in fact this is what british prime minister david cameron is keen to push forward with more on this we're joined by ortiz pilbeam business presenter extraordinary so could you tell us what is this all about yeah there's a bit of an exposé going on the consortium of investigative journalists have come out with these hundreds of thousands of names of all these are tax avoiders from thirty different countries that do use these tax havens and...
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fraud scheme that of course he himself said if there was the need to avoid taxes then there were many other ways it could have been done the former head of security at the company received a life sentence for organizing. the before his wife is sure that the real mastermind has never been held to account. only time will solve the mystery surrounding my husband's murder but i'd just like a copy to confess and clear his conscience. in those are. a car bomb explosion has killed three people in russia's southern. city of pentagon risk the vehicle blew up on friday evening outside a local traffic police headquarters a blast with the force of fifty kilograms of t.n.t. ripped the car to shreds and shattered the windows of the nearby buildings police say the motive for the attack is unclear answer tends to place in this region which borders russia's volatile north caucasus republics were attacks and security forces are relatively common. which in our dear national now is take a look at some other stories making news around the world and we begin now with southern india where fire on an express
fraud scheme that of course he himself said if there was the need to avoid taxes then there were many other ways it could have been done the former head of security at the company received a life sentence for organizing. the before his wife is sure that the real mastermind has never been held to account. only time will solve the mystery surrounding my husband's murder but i'd just like a copy to confess and clear his conscience. in those are. a car bomb explosion has killed three people in...
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one tax that critics say is hurting small business is the estate tax often called the death tax that story after the break. a piece of. it was a. very hard to take. a look at that that would make their lives. look. like. one of. the people. they. think. i would rather ask questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our. a question more. on. dramas that can't be ignored. in the. stories others lists houston know so. since changing the world lights now. to picture the city. from around the globe. looking. to me alongside the debates about shutdowns and debt limits there's been a quiet movement on capitol hill to do something about taxes tax writing committee chairman max baucus and dave camp went on a nationwide tour earlier this year to promote simplifying the tax code and while both democrats and republicans may agree that it needs simplifying they don't agree on which taxes should stay and which should go artie's perry and boring tells us more on one of those taxes and contention your
one tax that critics say is hurting small business is the estate tax often called the death tax that story after the break. a piece of. it was a. very hard to take. a look at that that would make their lives. look. like. one of. the people. they. think. i would rather ask questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our. a question more. on. dramas that can't be ignored. in the. stories others...
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assembly is made up of over one hundred ninety countries so far we have twenty one pushing for this tax although we have to say this is just the first stages of this particular project because the committee is going to vote on it by the end of the year and then this text will be taken to the general assembly so we'll see it's likely that more countries will follow and let's go ahead and pull up that map kind of showing some of the countries that you were talking about earlier you had mentioned that there was twenty one of them so you got paraguay or ok on there argentina south africa indonesia india and others now do we know any of the specifics yet when it comes to this draft resolution. well none of the specifics that we know actually have the text here it's very brief may get it's only two and a half pages and we have to say that interesting lee it does not mention the united states and basically does not have a direct mention of the us or the n.s.c. uses very very glad i have to say and really what it does is using the existence major of multilateral international treaties on human
assembly is made up of over one hundred ninety countries so far we have twenty one pushing for this tax although we have to say this is just the first stages of this particular project because the committee is going to vote on it by the end of the year and then this text will be taken to the general assembly so we'll see it's likely that more countries will follow and let's go ahead and pull up that map kind of showing some of the countries that you were talking about earlier you had mentioned...
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tax haven free world. because it means you'd have to police the entire world think about the system is necessary international. any country one tiny little country who chooses not to abide by. those. conveniences. this is for people trying to hide money. means that the whole thing becomes a mockery there's no way of controlling it so you can work towards it you can it will take time and probably it's a good idea but you've got several countries like cyprus is the obvious example but luxembourg still switzerland before who are offering their services as a business it becomes a big part of their economy and it's very difficult for a small country like luxembourg to tell them they can't do it because they have no other way of making money so i think that one thing that can be avoided at the g eight summit is the topic of tax evasion. well finance issues aside at the g eight meeting of the spillover from the syrian conflict looms large that's after iran offers a helping hand and washington campaigns to provide
tax haven free world. because it means you'd have to police the entire world think about the system is necessary international. any country one tiny little country who chooses not to abide by. those. conveniences. this is for people trying to hide money. means that the whole thing becomes a mockery there's no way of controlling it so you can work towards it you can it will take time and probably it's a good idea but you've got several countries like cyprus is the obvious example but luxembourg...
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one tax that critics say is hurting small businesses is the estate tax often called the death tax that story coming up with a brick. i would rather i asked questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our t.v. question. i think. they would like to know that you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our democracy correct albus. in fact the single biggest threat facing our nation today is the corporate takeover of our government and across silicon we've been hijacked by handful of transnational corporations that will profit by destroying what our founding fathers once built up i'm sorry and on this show we reveal the big picture of what's actually going on in the world we go beyond identifying. tropics rational debate real discussion critical issues facing their five member ready to join the moment then walk up to their. dramas that can't be ignored. stories others refuse to notice. faces change
one tax that critics say is hurting small businesses is the estate tax often called the death tax that story coming up with a brick. i would rather i asked questions to people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our t.v. question. i think. they would like to know that you know the price is the only industry specifically mentioned in the constitution and. that's because a free and open press is critical to our...
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something that's been free and available to everyone since the dawn of time a tax on sunlight madrid wants to impose a levy on solar power to help plug and yawning energy debt as sarah first reports. there's an argument hotting up in spain right now the country still mired in financial difficulty the government's come up with a rather unusual proposal calling for attacks on solar energy it's like. this is one of the sun. the sun is also. with some spanish cities enjoying an average of three thousand hours of sun each year the nation's been one of the leading providers of solar energy the trouble is they're pretty thing so much of the production capacity now exceeds the market by i think fifty percent and that's when the government found itself in that produces to the cina twenty six billion euro so in a big the scale back the use of solar panels the government decided to attack those who use the you know their way of taxing the very behavior they spent the last decade trying to encourage critics of the proposal say this will damage things progress towards meeting european renewable e
something that's been free and available to everyone since the dawn of time a tax on sunlight madrid wants to impose a levy on solar power to help plug and yawning energy debt as sarah first reports. there's an argument hotting up in spain right now the country still mired in financial difficulty the government's come up with a rather unusual proposal calling for attacks on solar energy it's like. this is one of the sun. the sun is also. with some spanish cities enjoying an average of three...
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brings in in tax revenue you bring in two hundred billion a month that means you have to service debt interest payments first and then everything else comes next well that's where the battle is over it's not going to be in fact over the reality of that. both sides are going to say the full faith and credit of the united states will be hanging in the balance and that's actually untrue right but a year you said two hundred billion a month on a daily basis that works out to like seven billion dollars a day and the treasury is not going to be able to bank on tax revenue coming in at the end of the month when they're at the first of the month given the way the borrowing works and how they can't borrow any more so when we get to one of these debt servicing payments that exceed seven billion dollars on that one day or we flirting with a serious problem here and for members of congress who are saying that this might not be so bad once we go to the delamination it might not be so bad for a few days or a few weeks isn't that being disingenuous. well whether disingenuous when they say it won't b
brings in in tax revenue you bring in two hundred billion a month that means you have to service debt interest payments first and then everything else comes next well that's where the battle is over it's not going to be in fact over the reality of that. both sides are going to say the full faith and credit of the united states will be hanging in the balance and that's actually untrue right but a year you said two hundred billion a month on a daily basis that works out to like seven billion...
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savings have targeted the money matters of the spotlight with the west beefing up its crusade on tax evasion that's going to be talked out there on the spillover from the syrian conflict means large to was a helping hand now and washington meantime campaigning to provide lethal aid to the rebels there's a couple of stories just ahead. from the national security state has given an inch would always take much more than a mile three years we were told the government does not spying on citizens this is not true we're spied upon in unbelievably massive way do we need a super computer to keep track of all the ways we are deceived. download the official publication to choose your language stream quality and enjoy your favorite. if you're away from your television just doesn't matter now with your mobile device you can watch on t.v. anytime anywhere. about the g eight in northern ireland where british prime minister david cameron is keen to push forward the issue of tax evasion of a colleague showed thomas in artie's business presenting katie discuss the details . well the international cons
savings have targeted the money matters of the spotlight with the west beefing up its crusade on tax evasion that's going to be talked out there on the spillover from the syrian conflict means large to was a helping hand now and washington meantime campaigning to provide lethal aid to the rebels there's a couple of stories just ahead. from the national security state has given an inch would always take much more than a mile three years we were told the government does not spying on citizens...
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residents in particular all locally raise tax dollars have to be appropriated by congress that's wrong it shouldn't be that way we should be treated like every other state locality our local money should be our local money but the rules say that congress controls our budget and when they can't open up the federal government and pass an appropriations bill the city budget gets tied up in that now our mayor has decided not to close the government by declaring all d.c. government workers essential we've run the city very well we have a strong budget surplus but we're dipping into those savings to keep the government open and it wasn't designed to pay day to day operations it was a rainy day fund and certainly it's raining today both metaphorically and in actuality but we're going to run out of money and unlike other situations where tourists can't go to parks or passports might not be issued the impact is very severe we have health clinics that are going to be forced to close because our medicaid funds are inaccessible mentally ill people can't get their medication life threatening illnes
residents in particular all locally raise tax dollars have to be appropriated by congress that's wrong it shouldn't be that way we should be treated like every other state locality our local money should be our local money but the rules say that congress controls our budget and when they can't open up the federal government and pass an appropriations bill the city budget gets tied up in that now our mayor has decided not to close the government by declaring all d.c. government workers essential...
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tax haven free world. because it means you'd have to police the entire world think about the system is necessary it's national. any country one tiny little country who chooses not to abide by this. as. i say convenience service. as for people trying to hide money. means that the whole thing becomes a mockery there's no way of controlling it so you can work towards it you could it will take time and probably it's a good idea but you've got several countries like peter cyprus example but luxembourg still switzerland who really services as a business it becomes a big part of their economy and it's very difficult for a small country to do it because they have money so i think that one thing that can be avoided at the g eight summit is the topic of tax evasion. all right let's take a swing around the world look at some news making headlines at this hour iran's newly elected president hassan rouhani has held his first news conference saying his government is set to fix the economy and rebuild relations with the
tax haven free world. because it means you'd have to police the entire world think about the system is necessary it's national. any country one tiny little country who chooses not to abide by this. as. i say convenience service. as for people trying to hide money. means that the whole thing becomes a mockery there's no way of controlling it so you can work towards it you could it will take time and probably it's a good idea but you've got several countries like peter cyprus example but...
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and often only kevin i went to will be with them all from that taxes it's maison i don't want is some fraud to weaken the united states before then it's breaking this is that. i reckon cardiologist dr omar our claims that the war in iraq destroyed iraq's environment even worse than dropping the bomb on hiroshima did dr ocoee see puts to data that the number of press cancer cases has grown in the country from fifteen to thirty times cases of congenital heart disease have become fifteen times more frequent case of leukemia have increased thirty fold the doctor puts the blame on the weapons used in the one thousand nine hundred one and two thousand and three invasions of iraq and which nato forces used white phosphorus depleted uranium rounds and other toxic gases and poison of substances human rights watch and the world health organization have measured radiation levels in iraq and consider many places in iraq even some very far from the fighting to be contaminated naturally radiation is not racist and foreign soldiers in iraq are not immune usa today even published research results tha
and often only kevin i went to will be with them all from that taxes it's maison i don't want is some fraud to weaken the united states before then it's breaking this is that. i reckon cardiologist dr omar our claims that the war in iraq destroyed iraq's environment even worse than dropping the bomb on hiroshima did dr ocoee see puts to data that the number of press cancer cases has grown in the country from fifteen to thirty times cases of congenital heart disease have become fifteen times...
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if they're not banning something or legislating about it they're taxing it and so you know we have to be worried that if you're not being put in jail for it you're being required to pay a fee in the form of a tax. carioca holland america yeah there's very little of that where you are allowed to do in this country that is not either illegal or tax a boat on wednesday to allow gays to openly serve as scouts and leaders of the later pressure from religious groups and in principle mormons peers and anti-gay board voices within the scouts here's what president obama said about the boy scouts. my attitude is that gays and lesbians should have access and and opportunity the same way everybody else does in every institution and walk of life and. you know that the scouts are a great institution that are promoting young people and exposing them to. news and and leadership that you know will serve people for the rest of their lives and i think that nobody should be barred for that so stuart shouldn't the boy scouts come into the twenty first century i mean originally the scouts were created as a
if they're not banning something or legislating about it they're taxing it and so you know we have to be worried that if you're not being put in jail for it you're being required to pay a fee in the form of a tax. carioca holland america yeah there's very little of that where you are allowed to do in this country that is not either illegal or tax a boat on wednesday to allow gays to openly serve as scouts and leaders of the later pressure from religious groups and in principle mormons peers and...
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to suspend its locally raise tax dollars but reid has not yet brought this to a vote do you feel like there's a disconnect between the needs of your constituents and the national debt and there is a fundamental misunderstanding among many senators that this is not a federal appropriation this is a local government that is trying to spend locally raise dollars if the same time let's not give the republicans too much credit they're being a little cute here they sent a bunch of bills across they're trying to reopen the government piecemeal we know we can't let that happen if we begin on a national level to start passing piecemeal c.r.'s some of the government's never going to open we're never going to have an e.p.a. again fighting environmental polluters we're never going to have people taking on. consumer fighting for consumers so there's plenty of agencies that the republicans would love to keep shut down the entire government when it opens up past to reopen up but at the same time there's ample precedent for treating the district of columbia differently we are not an agency of the fed
to suspend its locally raise tax dollars but reid has not yet brought this to a vote do you feel like there's a disconnect between the needs of your constituents and the national debt and there is a fundamental misunderstanding among many senators that this is not a federal appropriation this is a local government that is trying to spend locally raise dollars if the same time let's not give the republicans too much credit they're being a little cute here they sent a bunch of bills across...